Does Bitcoin (BTC) Like New Years? We Evaluated Bitcoin’s New Year Performances!
The post Does Bitcoin (BTC) Like New Years? We Evaluated Bitcoin’s New Year Performances! appeared on BitcoinEthereumNews.com.
The year 2024 has seen exponential growth in adoption for Bitcoin and cryptocurrencies, with the most significant factor being the US SEC’s approval of spot Bitcoin ETFs in January, which has seen a significant increase in institutional interest in BTC. BTC surpassed $100,000 for the first time in its history, breaking new records, thanks to the growing interest from institutions and Donald Trump’s victory in November. While Bitcoin is running from record to record with supportive winds, altcoins still haven’t met expectations. At this point, while many investors are waiting for losses in altcoins they bought at high prices, the great expectation of an altcoin rally in 2025 continues to be a hope for closing the losses. How Is Bitcoin Performing in the New Years? As is known, BTC’s trading adventure on exchanges does not date back very far. Even on major exchanges such as Binance, Bitcoin, which started trading in 2017, does not have many anniversaries to compare it with. Although Bitcoin started to be traded on some exchanges in 2014, we will not take it into account in this review as we think it will not shed light on today due to the low trading volume in those years. Year 2021-2022 Year 2022-2023 Year 2023-2024 As can be seen, a general upward movement was observed in Bitcoin after the new year anniversaries. As a result; Bitcoin tends to show an upward movement on anniversaries. Of course, the fact that it has acted this way before does not mean that it will happen again. While it remains unclear how Bitcoin will greet the year 2025, one thing we do understand is that “Bitcoin loves new years.” *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/does-bitcoin-btc-like-new-years-we-evaluated-bitcoins-new-year-performances/
Filed under: News - @ December 31, 2024 5:21 pm